NJ BPU Denies Wind Developer, Ratepayer Advocate Deal

Law360, New York (July 19, 2013, 9:33 PM EDT) -- New Jersey's utilities regulator on Friday denied a settlement that a public advocate for ratepayers reached with the developer of a proposed 25-megawatt offshore wind farm to help ensure that the state ultimately benefits from the project.

The state Board of Public Utilities is mulling the plans of Cape May, N.J.’s Fishermen’s Energy for a wind facility 2.8 miles from the coast of Atlantic City and the offshore wind renewable energy credits to support it. The board didn't reject the application, but it refused to endorse...